Acquire Real Estate, a commercial real estate crowdfunding platform, has closed on a DoubleTree Hotel at the Dallas-Fort Worth Airport. According to information provided by Acquire, they facilitated $262,500 in funding from 15 individuals with investments ranging from $5000 to $75,000. Estimated annual returns are expected to be above 20%, paid quarterly over a 7 to 10-year term. The equity offer was posted as a 506(b) in partnership with The Buccini/Pollin Group.
“With the hospitality industry continuing to perform well, we’re seeing growing demand from our investors for high-quality hotel opportunities in strong-performing markets,” said Steven Bettinger, CEO of Acquire Real Estate. “With its excellent location and positive cash flow, the DoubleTree by Hilton DFW Airport was a natural fit for the Acquire platform.”
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